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Meyer_
New Member

If I'm paying for Medicare Part B, plus supplemental insurance each month, tare hose premiums deductible, subject to the 7.5% of AGI limit?

If I'm retired and paying for Medicare plus supplemental insurance, are those monthly premiums deductible?
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2 Replies

If I'm paying for Medicare Part B, plus supplemental insurance each month, tare hose premiums deductible, subject to the 7.5% of AGI limit?

Yes they are a medical expense deduction if you itemize. 

MinhT1
Expert Alumni

If I'm paying for Medicare Part B, plus supplemental insurance each month, tare hose premiums deductible, subject to the 7.5% of AGI limit?

These health premiums are deductible as Medical expenses.

 

And the total medical expenses are an itemized deduction subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.

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